Market Update: We break down the business implications, market impact, and expert insights related to Market Update: Eternal Optimists: Small Business Owners Say They Plan to Grow Despite Concerns Over the Economy, Shutdown – Full Analysis.
Small Business Owners Head to Washington to Advocate for Policies that Support Growth — Including Solutions on Affordable Capital, Workforce, and AI
78% of small business owners are optimistic about the current trajectory of their business, and 74% have plans to grow their business in the next 12 months. During that time, 41% plan to create new jobs, 39% plan to maintain the same number of jobs, and 12% plan to cut jobs.
69% of small business owners personally believe in the American Dream, the idea that anyone, regardless of background, can succeed through hard work and determination, more than double the rate of registered voters who still believe that the American Dream holds true, according to a Wall Street Journal-NORC poll.
When asked which actions from the federal government would help their businesses grow, small business owners pointed to addressing inflation (54%), providing more policy certainty (40%), help offering competitive benefits (40%), and increasing access to affordable capital (35%) as the most impactful steps.